0001209191-15-032373.txt : 20150403
0001209191-15-032373.hdr.sgml : 20150403
20150403170031
ACCESSION NUMBER: 0001209191-15-032373
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150401
FILED AS OF DATE: 20150403
DATE AS OF CHANGE: 20150403
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Paramount Group, Inc.
CENTRAL INDEX KEY: 0001605607
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 320439307
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1633 BROADWAY, SUITE 1801
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 212-237-3100
MAIL ADDRESS:
STREET 1: 1633 BROADWAY, SUITE 1801
CITY: NEW YORK
STATE: NY
ZIP: 10019
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Walsh Michael R.
CENTRAL INDEX KEY: 0001637104
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36746
FILM NUMBER: 15751791
MAIL ADDRESS:
STREET 1: 1633 BROADWAY
STREET 2: SUITE 1801
CITY: NEW YORK
STATE: NY
ZIP: 10019
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2015-04-01
0
0001605607
Paramount Group, Inc.
PGRE
0001637104
Walsh Michael R.
C/O PARAMOUNT GROUP, INC.
1633 BROADWAY, SUITE 1801
NEW YORK
NY
10019
0
1
0
0
EVP, CFO and Treasurer
Stock Option
19.08
2015-04-01
4
A
0
100000
0.00
A
2025-03-31
Common Stock
100000
100000
D
LTIP Units
2015-04-01
4
A
0
90000
0.00
A
Common Stock
90000
90000
D
LTIP Units
2015-04-01
4
A
0
27990
0.00
A
Common Stock
27990
27990
D
The option vests in five equal installments on each of April 1, 2016, 2017, 2018, 2019 and 2020, subject to continued employment.
LTIP Units granted pursuant to an employment agreement dated as of March 26, 2015, between the reporting person and the issuer. The LTIP Units vest as follows: 22,500 LTIP Units on April 1, 2016, 22,500 LTIP Units on April 1, 2017, 15,000 LTIP Units on April 1, 2018, 15,000 LTIP Units on April 1, 2019 and 15,000 LTIP Units on April 1, 2020, subject to continued employment.
Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest ("OP Unit") in Paramount Group Operating Partnership LP. Each OP Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of common stock. LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The rights to convert vested LTIP Units into OP Units and redeem OP Units do not have expiration dates.
Represents LTIP Units issued pursuant to the Paramount Group, Inc. 2015 Performance Program (the "2015 Program"). The LTIP Units granted pursuant to the 2015 Program will vest 50% on the date that performance is determined under the 2015 Program following the conclusion of the three-year performance period ending March 31, 2018, 25% on April 1, 2019, and 25% on April 1, 2020, subject to the achievement of performance criteria and continued employment.
/s/ Gage Johnson as attorney-in-fact for Michael R. Walsh
2015-04-03